12 AAC 04.280 - Applications for firm permits and renewal of firm permits
(a) An applicant
for a permit under
12 AAC 04.245 and
AS
08.04.240 must submit
(1) evidence satisfactory to the board that
the firm
(B) is supervised in accordance with the
requirements set out under
AS
08.04.360;
(2) a complete application on a form provided
by the department;
(3) the
applicable fees required in
12 AAC 02.340; and
(4) verification that the firm holds a
current permit to practice public accounting in good standing issued by the
state or another state; verification must include the firm's current permit
status and information regarding any disciplinary action or investigation taken
or pending against the firm or its owners; if the permit is not issued by the
state, the verification must be from the state in which the firm's established
office and principal place of business is located.
(b) A permit is valid for the biennial
license period for which it was issued.
(c) A permit issued under
AS
08.04.240,
12 AAC 04.245, and this section
will be renewed for subsequent biennial license periods if the holder of the
permit submits
(1) a renewal application, due
not later than December 31, on a form provided by the department;
(2) the applicable fee required in
12 AAC 02.340; and
(3) certification that the holder of the
permit continues to meet the requirements of
AS
08.04.240.
(d) The board may refuse to grant a permit or
renewal of a permit issued under
AS
08.04.240 and this section for the same
reasons that the board may impose disciplinary sanctions under
12 AAC 04.520 upon the holder of a
license, permit, or practice privilege.
Notes
Authority:AS 08.04.070
AS 08.04.240
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